U.S. Rep. Adam Kinzinger issued the following news release Thursday:
Kinzinger: House Republican Budget Proposal Outlines
Clear Path to Prosperity for Generations to Come
WASHINGTON, D.C. – Congressman Adam Kinzinger (R-IL) today issued the following remarks after voting in support of the Fiscal Year (FY) 2013 House Republican budget proposal:
"As a military pilot, I've seen firsthand that the greatest threat to our national security is our national debt. Presently, every man, woman and child throughout Illinois and across the country has a share of national debt that exceeds $49,000 each.
"Last night, the House of Representatives unanimously rejected President Obama's budget which would mean a net $1.5 trillion increase in spending, impose $1.9 trillion in taxes, and add $11 trillion to our debt.
"The choice is clear. The House Republicans' budget for FY 2013 outlines a path to prosperity for generations to come. Washington must continue to cut spending and get our nation on track toward fiscal solvency under the Republicans' budget which cuts more than $5 trillion, while preventing President Obama's proposed tax increases.
"In addition to paving a way toward economic security and prosperity, the Republican budget also puts forward bipartisan solutions to save and strengthen Medicare for current seniors, and for our children and grandchildren.
"Under our current trajectory, Medicare will be bankrupt in just a decade. This plan preserves current Medicare plans for those in and nearing retirement while offering guaranteed coverage options for future seniors, including those with pre-existing conditions or health history. It’s financed by a premium-support payment which would provide more financial assistance to low-income and less-healthy seniors. The Medicare plans will compete against one another which will ultimately create lower costs with better quality care.
"This budget refuels our economy to create an environment for businesses to grow jobs with fundamental tax reform: lowering the corporate tax rates to spur hiring and investment, reducing and simplifying the tax code for families and small businesses, and restructuring the international tax system to make our nation more competitive globally.
"One political party is not solely responsible for this debt crisis. However, the true test lays in our next step -- How we control spending and budget to ensure the fiscal soundness of this country for future generations to come."